Government Cyber Security Spending to Reach $13.3 Billion in 2015

The investment is being driven by a whopping 445 percent increase in security incidents over the last few years.

According to the Federal Information Security Market, 2010-2015 report by Input, federal cyber security spending will increase 9.1 percent annually over the next five years, jumping from $8.6 billion in 2010 to $13.3 billion in 2015.

InformationWeek reports that the investment is being driven by a whopping 445 percent increase in security incidents over the last few years and a shortage of expert personnel, which means the government will either have to invest in training its own staff or contract work out to qualified professionals.